Freddy's Frozen Custard & Steakburgers
- Randy SimonCo-founder · Company website
- Scott RedlerCo-founder and business partner · Company website
How we got $332K
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Unlikely to sell soon
- In business 24 years (since 2002)
- Family in the business (Randy Simon, Co-founder)
From public records and the company's website, not a statement that it's for sale.
What they do
Freddy's Frozen Custard & Steakburgers is a fast-casual restaurant concept known for cooked-to-order steakburgers, all-beef hot dogs, shoestring fries and frozen custard treats. It serves families, friends and people who live or work nearby.
From the company's website. Industry: Restaurants.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Freddy's Frozen Custard & Steakburgers this business | $1.7M | — |
| King Burrito & Taqueria Tulsa | $1.7M | 0.0 mi |
| Paris Báhn Mì Tulsa | $1.7M | 0.0 mi |
| Sonic Drive In Tulsa | $1.7M | 0.0 mi |
| Sake2Me Sushi Tulsa | $1.7M | 0.0 mi |
| SAKE 2 ME SUSHI INC Tulsa · 11 employees | $1.3M | 0.0 mi |
| Noodles and Company Tulsa | $3.0M | 0.1 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $332K |
| Multiple for this size and industry | 1.8× |
| Value range | $118K – $518K |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Restaurants and Other Eating Places businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (11%). Treat these as a rough guide.
| Revenue range | $752K – $2.2M |
| EBITDA range | $82K – $240K |
| Industry (NAICS) | Restaurants and Other Eating Places (7225) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
History & advisors
“Freddy’s Frozen Custard & Steakburgers® was co-founded in 2002 by brothers Bill and Randy Simon with their friend and business partner, Scott Redler.”
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Freddy's Frozen Custard & Steakburgers
Freddy's Frozen Custard & Steakburgers is a restaurants company in Tulsa, Oklahoma, in business since 2002. It is owned by Bill and Randy Simon (Co-founder). Its estimated annual revenue is about $1.7M, with roughly $184K of EBITDA. Its estimated business value is $332K (likely range $118K–$518K).
Common questions
- Who owns Freddy's Frozen Custard & Steakburgers?
- Freddy's Frozen Custard & Steakburgers is owned by Bill and Randy Simon (Co-founder), according to public sources such as the company's website or filings.
- How much revenue does Freddy's Frozen Custard & Steakburgers make?
- SeeBITDA estimates Freddy's Frozen Custard & Steakburgers's annual revenue at about $1.7M (likely between $752K and $2.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Freddy's Frozen Custard & Steakburgers worth?
- About $332K, roughly 1.8× its estimated EBITDA of $184K, typical for a restaurants company its size. Likely range: $118K–$518K.
- When was Freddy's Frozen Custard & Steakburgers founded?
- Freddy's Frozen Custard & Steakburgers has been in business since 2002.